Loeb & Loeb’s Capital Markets and Corporate Teams Ramp Up Deal Activity in Asia

Law firm Loeb & Loeb LLP, which opened an office in Hong Kong in October in association with Pang & Co., has already closed two significant Hong Kong initial public offerings for Pegasus Entertainment Holdings Limited and Sunley Holdings Limited. These transactions are two of just four IPOs that have closed in the region in the last two months.

More >>

Tags:  Loeb & Loeb LLP | Hong Kong

Herbert Smith Freehills Advises CNOOC on Its Heads of Agreement to Acquire QCLNG Stake and New LNG Supply

Herbert Smith Freehills has recently advised China National Offshore Oil Corporation (CNOOC) on its entry into a Heads of Agreement (HOA) with BG Group for the acquisition of major interests in the Queensland Curtis LNG (QCLNG) project in Australia for $1.93 billion and the sale of liquefied natural gas (LNG) from BG Group’s global LNG portfolio. Fully-termed transaction agreements are expected to be executed in the first half of 2013, and upon closing, CNOOC will reimburse BG Group for its share of QCLNG project capital expenditures incurred from 1 January 2012.

More >>

Tags:  Herbert Smith Freehills Kramer LLP | Hong Kong

King & Wood Mallesons Advises BG Group on Landmark Chinese LNG Investment Agreement

King & Wood Mallesons had advised BG Group on its entry into a Heads of Agreement (HOA) for the sale of certain interests in the Queensland Curtis LNG (QCLNG) project to China National Offshore Oil Corporation (CNOOC) for $1.93 billion (marking one of China’s biggest recentinvestments into Australia), and the sale of liquefied natural gas (LNG) from BG Group’s global LNG portfolio. Fully-termed transaction agreements are expected to be executed in the first half of 2013 and, on closing, CNOOC will reimburse BG Group for its share of QCLNG project capital expenditures incurred from 1 January 2012.

More >>

Tags:  King & Wood Mallesons | Hong Kong

Morrison & Foerster Represents Fosun Pharma in IPO

Morrison & Foerster is representing Shanghai Fosun Pharmaceutical (Group) Co., Ltd. in its US$512 million initial public offering on the Hong Kong Stock Exchange today. Fosun Pharma is the third largest Hong Kong IPO deal this year, and the first significant successful new listing since July. UBS AG, China International Capital Corp., J.P. Morgan and Deutsche Bank AG acted as the joint global coordinators in the deal.

More >>

Tags:  Morrison & Foerster LLP | Hong Kong

HSF Advises on the HK$3.97 Billion IPO of Fosun Pharma

Herbert Smith Freehills has advised UBS AG, China International Capital Corporation, J.P. Morgan Securities (Asia Pacific) Limited, Deutsche Bank AG, Agricultural Bank of China International and Haitong International as underwriters on the HK$3.97 billion (US$509 million) initial public offering (IPO) of Shanghai Fosun Pharmaceutical Group Co. Ltd (“Fosun Pharma”) on the main board of the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering on 30 October, 2012. The deal marks one of the largest IPOs in the world’s pharmaceutical industry since June 2011 and one of the few recent significant new listings in Hong Kong since July this year.

More >>

Tags:  Herbert Smith Freehills Kramer LLP | Hong Kong

Paul Hastings Represents Franshion Properties on Issuance of US$500 Million Guaranteed Notes

Paul Hastings, a leading global law firm, announced today that it advised Franshion Properties (China) Limited (“Franshion Properties”), a Hong Kong-listed PRC property company and subsidiary of state-owned Sinochem Corporation, on its US$500 million U.S. bond offering. The Royal Bank of Scotland, Deutsche Bank, J.P. Morgan Securities and Standard Chartered Bank were the joint lead managers on the deal.

More >>

Tags:  Paul Hastings, LLP | Hong Kong

Simpson Thacher Represents Citigroup in $105 Million Offering of Global Depositary Shares by E.SUN Financial Holding

Simpson Thacher recently represented Citigroup in connection with the offering by E.SUN Financial Holding Company, Ltd. of US$105 million global depositary shares. E.SUN is a leading financial holding company in Taiwan. Its common shares are traded on the Taiwan Stock Exchange under the trading code “2884”. The global depositary shares are listed on the Luxembourg Stock Exchange.

More >>

Tags:  Simpson Thacher & Bartlett LLP | Hong Kong